Here Come Pension Fund Benefit Cuts
investmentresearchdynamics.com / DAVE KRANZLER /
Talk to anyone who is involved in the management of a pension fund and they will tell you the unspoken horror is that every pension fund in the country is underfunded – most of them horrifically underfunded.
A large Teamsters pension fund – 407,000 beneficiaries – just received notice that benefit cuts are coming because the fund has to financially reorganize: Teamsters Pension Fund Cuts
For decades corporations have been underfunding their true future benefit obligations as a means of manipulating GAAP net income for the purpose of maximizing upper management net income-based performance compensation.
The post Here Come Pension Fund Benefit Cuts appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/08/here-come-pension-fund-benefit-cuts/
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